Aerospace States Association Inc
Nonprofit profile at a glance
- EIN
- 521751809
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Alexandria, VA, USA
- Phone
- 7034026384
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Physical & Earth Sciences,
Reported finances
- Revenue
- $139,216
- Expenses
- $116,096
- Assets
- $98,256
- Liabilities
- $270,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ROSS B GARELICK BELL (EXECUTIVE DIRECTOR)
Highest reported compensation
- ROSS B GARELICK BELL (EXECUTIVE DIRECTOR): $55,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Asa is committed to: enacting state-based initiatives to strengthen our nation's leadership in aviation and aerospace. Supporting the aerospace and aviation industries in all 50 states to strengthen industry contributions to our economies. Inspiring a younger generation to innovate, explore and build. Educating young americans to lead the world in science, technology, math and engineering. And linking the global community in peace and commerce via air travel.
What it reported doing in 2024
Asa Alabama and Colorado chapters host a the asa aerospace summer internship program is for high school and college students interested in pursuing careers in the aerospace industry. The internship program runs for two weeks, a virtual week, followed by an in-person week in Colorado and Alabama. This gives students ample time to experience what it's like to work in various facets of the aerospace industry. Students will spend time at various aerospace facilities where they will have a chance to meet the best and the brightest in the aerospace industry, participate in hands-on activities, and get an exclusive behind the-scenes look at what each company does and some of the exciting projects they are working on.the asa aerospace summer internship program is designed primarily to give rural and under-served students in Colorado a pathway into the aerospace industry. The program is open to high school and college students. Students from other states and students not in rural or underserved areas will be accommodated if space is available.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 44
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.6%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 2.75; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 47.4%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -12.5% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -11.5% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 4.9% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 83.8% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $97K in reported program spending
- Leadership: top reported pay $55K · 6 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 4/100.